THE NEED TO DIGITALIZE FINANCING OF THE AGRICULTURAL SECTOR IN KAZAKHSTAN

Abstract

This article examines the current state of financing for the agro-industrial sector in the country, various government support measures, and the overall volume of agricultural production. The study found that, despite the implementation of various government support measures and an increase in funding year after year, the agro-industrial sector has failed to demonstrate significant, stable growth. Therefore, the authors propose the need to implement modern technologies, increase the innovative activity of agricultural enterprises, and maximize the digitalization of the sector to improve the efficiency of the domestic agro-industrial sector. In particular, special attention should be paid to the digitalization of the financing sector. Digitalization of agrifinance will provide farmers and agribusiness representatives with efficient, open, and rapid access to financial resources, i.e., loans, subsidies, insurance, grants, etc., through digital technologies. The study utilized general scientific methods of analysis and synthesis, as well as methods of generalization, comparison, and expert evaluation of scientific research results. Consequently, although the digitalization of agricultural financing will not bring significant short-term profits, it will demonstrate its effectiveness in the long term and will have a positive impact on the development of the domestic agricultural sector.